• Thu
  • Sep 18, 2014
  • Updated: 10:29pm

Capesize market gets a lift

PUBLISHED : Wednesday, 28 April, 1993, 12:00am
UPDATED : Wednesday, 28 April, 1993, 12:00am

THE volume of world vessel sales remains fairly low as the Greeks take some time to get back into gear after their Easter holidays.


Three Capesize bulkers, all built 1981, came on to the market last week refreshing a sector which has been almost completely dead in recent months.


In the tanker market, the very large crude carrier (VLCC) Thorness, of about 269,349 deadweight tonne (dwt), built by Mitsubishi in 1973, has been sold on ''as is'' terms to Embiricos for about US$5.5 million.


The Polish built Aframax Eliane, of about 84,323 dwt, built by Komuny in 1987, has been sold to Italian buyers for $19.5 million.


In the Tweendeckers market, the Greek-controlled Freedom type Aghion Oros, of about 15,144 dwt, built by Ishikawajima in 1972, has been sold to Thai buyers for around $750,000 on an ''as is'' basis.


Neptune Orient Lines has sold the Freedom Neptune Iolite, of about 14,811 dwt, built by Jurong Shipyard in 1978, for close to $3 million.


In the bulk-carrier market, the Japanese-controlled Maya No 7, of about 10,170 dwt, built by Hashihama in 1977, has been sold to Far Eastern buyers, while another Japanese logger Arrow Ace, of about 4,946 dwt, built by Hashihama in 1978, has gone to Chinese buyers for about $1.75 million.


Chinese owners have sold their Golden Fountain, of about 23,222 dwt, built by Mathias-Thesen in 1973, to Monaco buyers for $2.5 million.


The Panamax Navios Enterprise, of about 68,261 dwt, built by Kurushima in 1976, has been sold to Vita Maritime, Piraeus for $7.5 million.


The Varenna, of about 54,492 dwt, built by Gdansk in 1974, has been sold to undisclosed buyers for about $4.5 million.


Ugland is reported to have purchased the well-maintained Handymax Torm Alice, of about 44,969 dwt, built by Mitsui in 1983, for about $15.1 million - a very firm price.


Piraeus Greeks have purchased Supreme, of about 27,947 dwt, built by Kanasashi in 1976, for $5.6 million while Lasco has sold the Pacnoble, of about 27,580 dwt, built by Omomichi in 1977, also to Piraeus buyers for close to $5 million.


German buyers have purchased the modern logger Pronobis, of about 8,881 dwt, built by Kochi in 1985, for about $4.1 million. Report supplied by Wallen Shipbrokers (Hongkong).


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